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Sunday, January 29, 2017

NATURAL GAS UPDATES FOR JAN 29 2017

SUNDAY




WEEKLY UPDATE





Natural gas last week opened at 219 levels and dropped to 217 levels then recovered back



to close at 229 levels trend for the commodity remains bearish with strong resistance at 231



levels and supports at 227 and 225 levels,



sell on rises near 231 – 233




with stops above 236.5 is advisable



for the targets 225 223 levels.




Weekly Call :




Sell Mcx Natural gas on rises between 231 – 233



with SL above 236.5




for targets 225 – 223.




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